SAA to get R16bn bailout

Cash-strapped South African Airways will receive another bailout. SAA will receive R16.4-billion. Finance Minister Tito Mboweni announced during his budget speech on Wednesday.

“Over the medium term, the government has allocated R16.4-billion to settle guaranteed debt and interest. The associated restructuring costs will be reprioritized within the budget,” said Mboweni.

The airline was placed under business rescue last year and unions have been fighting retrenchments at SAA.

Government has spent about R16.5-billion in bailouts to keep saving SAA in the air over the past decade.

In other news – Itumeleng Khune’s wife Sphelele so happy for getting back her sexxy Body after giving birth – Picture

Taking to her social platforms, Sphelele wrote, ‘“My recovery journey was very quick. It only took me a week to fully recover (in terms of pain and tummy)…i never tied my tummy nor use anything to get my tummy flat again,”.

She shared that it only took her a week to recover from the pain and her tummy going back to normal post giving birth. continue reading

Source: eNCA